30 June 2017 | 8 replies
Acceptable sources of down payment include:Borrower's own funds: cash, savings, checking, retirement accounts, etc.Gifts from relative (blood or marriage), employer or labor union, charitable organizationSale from previous home, trade equity, rent equity, sweat equityGovernment grants and loansThe following are NOT acceptable sources: seller, real estate agent or broker, builder, associated entity, lender.
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4 January 2010 | 54 replies
The City can handle that too.I contacted 12 charitable organizations and nobody wants that lot (that was before the back taxes were accruing).
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1 August 2019 | 8 replies
I give some now (always have) and I plan to be quite charitable in my later stages of life.
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19 November 2021 | 32 replies
I also know of people who rent to family as a charitable sort of act to help them out if they're struggling, and that can be good as long as you know what you're getting yourself into beforehand.
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29 May 2018 | 2 replies
Hello fellow BP members,
My brother and I are looking at a BRRRR project for a home in Phoenixville, PA that we have purchased and begun the renovation. Under normal circumstances in this healthy market we would have...
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6 March 2019 | 14 replies
Same for any depreciation recapture if they keep holding them as rentals.It sounds like you're going to have both a hefty CG bill and a large depreciation recapture tab, so if you're ready to get out of the REI game, look in the Charitable Remainder Trust that Jay mentioned.
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10 June 2022 | 7 replies
Perhaps a 1031C into a commercial property with something like 1031Crowdfunding.com, but quite frankly I'm nervous about the risks of doing an investment like this, not having a lot of experience or knowledge in this area.The other option I've been reading about is a CRUT or Charitable Remainder Unitrust, where you put the real estate in an irrivocable trust, sell the real estate, invest the money, and receive yearly payments from the trust until death, at which point the remains go to a charity of your choice.
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6 January 2015 | 4 replies
But if you are being charitable with your business, you won't have a business long-term.
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8 July 2013 | 14 replies
Tom, this is a great story about using your wealth to provide a charitable service.
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26 January 2010 | 3 replies
You can assign values for charitable contributions.